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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2018
Jan. 31, 2018
Current assets:    
Cash and cash equivalents $ 6,886 $ 9,902
Restricted cash 223 244
Accounts and contracts receivable, net of allowance for doubtful accounts of $3,115 and $3,885 at July 31, 2018 and January 31, 2018, respectively 11,498 10,494
Inventories, net 11,855 10,856
Prepaid expenses and other current assets 1,970 1,550
Total current assets 32,432 33,046
Seismic equipment lease pool and property and equipment, net 19,765 22,900
Intangible assets, net 11,037 8,015
Goodwill 2,531 2,531
Non-current prepaid income taxes 1,570 1,609
Long-term receivables, net of allowance for doubtful accounts of $532 and $2,282 at July 31, 2018 and January 31, 2018, respectively 168 4,652
Other assets 611 926
Total assets 68,114 73,679
Current liabilities:    
Accounts payable 2,038 1,271
Deferred revenue 460 741
Accrued expenses and other current liabilities 4,776 5,253
Income taxes payable 886 258
Total current liabilities 8,160 7,523
Deferred tax liability 0 307
Total liabilities 8,160 7,830
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 768 and 532 issued and outstanding at July 31, 2018 and January 31, 2018, respectively 16,950 11,544
Common stock, $0.01 par value; 20,000 shares authorized; 14,049 and 14,019 shares issued at July 31, 2018 and January 31, 2018, respectively 140 140
Additional paid-in capital 122,672 122,304
Treasury stock, at cost (1,929 shares at July 31, 2018 and January 31, 2018) (16,860) (16,860)
Accumulated deficit (53,715) (42,425)
Accumulated other comprehensive loss (9,233) (8,854)
Total shareholders’ equity 59,954 65,849
Total liabilities and shareholders’ equity $ 68,114 $ 73,679